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Wed, 04 May 2022
Employers and contractors on the Island have until tomorrow to submit their tax returns.
If the Income Tax Division has not received the tax returns for the year ended 5 April 2022 by 5 May 2022, a £250 penalty will be charged.
Employers and contractors may also be liable to a penalty charge of £50 per day for each day that the return continues to remain outstanding, commencing from the day after that on which the £250 penalty is charged.
Even if the penalties are paid, the tax returns must still be submitted and the employer or contractor may be prosecuted for failing to do so.
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